diff --git a/src/main/java/org/apache/maven/buildcache/DefaultProjectInputCalculator.java b/src/main/java/org/apache/maven/buildcache/DefaultProjectInputCalculator.java
index 30bd052b..2a1217fd 100644
--- a/src/main/java/org/apache/maven/buildcache/DefaultProjectInputCalculator.java
+++ b/src/main/java/org/apache/maven/buildcache/DefaultProjectInputCalculator.java
@@ -72,8 +72,11 @@ public DefaultProjectInputCalculator(
 
     @Override
     public ProjectsInputInfo calculateInput(MavenProject project) {
-        LOGGER.info("Going to calculate checksum for project [groupId=" + project.getGroupId() + ", artifactId="
-                + project.getArtifactId() + "]");
+        LOGGER.info(
+                "Going to calculate checksum for project [groupId={}, artifactId={}, version={}]",
+                project.getGroupId(),
+                project.getArtifactId(),
+                project.getVersion());
 
         String key = BuilderCommon.getKey(project);
         // NOTE: Do not use ConcurrentHashMap.computeIfAbsent() here because of recursive calls
diff --git a/src/main/java/org/apache/maven/buildcache/checksum/MavenProjectInput.java b/src/main/java/org/apache/maven/buildcache/checksum/MavenProjectInput.java
index 8dacf334..4b75dd45 100644
--- a/src/main/java/org/apache/maven/buildcache/checksum/MavenProjectInput.java
+++ b/src/main/java/org/apache/maven/buildcache/checksum/MavenProjectInput.java
@@ -24,6 +24,7 @@
 import java.io.File;
 import java.io.IOException;
 import java.io.Writer;
+import java.nio.charset.StandardCharsets;
 import java.nio.file.DirectoryStream;
 import java.nio.file.FileVisitResult;
 import java.nio.file.Files;
@@ -178,8 +179,8 @@ public ProjectsInputInfo calculateChecksum() throws IOException {
 
         final long t1 = System.currentTimeMillis();
 
-        // hash items: effective pom + input files + dependencies
-        final int count = 1 + inputFiles.size() + dependenciesChecksum.size();
+        // hash items: effective pom + version + input files + dependencies
+        final int count = 2 + inputFiles.size() + dependenciesChecksum.size();
         final List<DigestItem> items = new ArrayList<>(count);
         final HashChecksum checksum = config.getHashFactory().createChecksum(count);
 
@@ -189,6 +190,14 @@ public ProjectsInputInfo calculateChecksum() throws IOException {
                     remoteCache.findBaselineBuild(project).map(b -> b.getDto().getProjectsInputInfo());
         }
 
+        DigestItem projectVersion = new DigestItem();
+        projectVersion.setType("version");
+        projectVersion.setIsText("yes");
+        projectVersion.setValue(project.getVersion());
+        items.add(projectVersion);
+
+        checksum.update(project.getVersion().getBytes(StandardCharsets.UTF_8));
+
         DigestItem effectivePomChecksum = DigestUtils.pom(checksum, effectivePom);
         items.add(effectivePomChecksum);
         final boolean compareWithBaseline = config.isBaselineDiffEnabled() && baselineHolder.isPresent();
@@ -227,9 +236,12 @@ public ProjectsInputInfo calculateChecksum() throws IOException {
 
         final long t2 = System.currentTimeMillis();
 
-        for (DigestItem item : projectsInputInfoType.getItems()) {
-            LOGGER.debug("Hash calculated, item: {}, hash: {}", item.getType(), item.getHash());
+        if (LOGGER.isDebugEnabled()) {
+            for (DigestItem item : projectsInputInfoType.getItems()) {
+                LOGGER.debug("Hash calculated, item: {}, hash: {}", item.getType(), item.getHash());
+            }
         }
+
         LOGGER.info(
                 "Project inputs calculated in {} ms. {} checksum [{}] calculated in {} ms.",
                 t1 - t0,
diff --git a/src/test/java/org/apache/maven/buildcache/its/CoreExtensionTest.java b/src/test/java/org/apache/maven/buildcache/its/CoreExtensionTest.java
index a788da44..cdd5b832 100644
--- a/src/test/java/org/apache/maven/buildcache/its/CoreExtensionTest.java
+++ b/src/test/java/org/apache/maven/buildcache/its/CoreExtensionTest.java
@@ -41,4 +41,37 @@ void simple(Verifier verifier) throws VerificationException {
         verifier.verifyErrorFreeLog();
         verifier.verifyTextInLog("Found cached build, restoring " + PROJECT_NAME + " from cache");
     }
+
+    @Test
+    void simple_build_change_version_build_install_again(Verifier verifier) throws VerificationException {
+        verifier.setAutoclean(false);
+
+        verifier.setLogFileName("../log-1.txt");
+        verifier.executeGoal("install");
+        verifier.verifyErrorFreeLog();
+        verifier.verifyArtifactPresent("org.apache.maven.caching.test.simple", "simple", "0.0.1-SNAPSHOT", "jar");
+
+        verifier.setLogFileName("../log-2.txt");
+        verifier.executeGoal("install");
+        verifier.verifyErrorFreeLog();
+        verifier.verifyTextInLog("Found cached build, restoring " + PROJECT_NAME + " from cache");
+
+        verifier.setLogFileName("../log-3.txt");
+        verifier.getCliOptions().clear();
+        verifier.addCliOption("-DoldVersion=0.0.1-SNAPSHOT");
+        verifier.addCliOption("-DnewVersion=0.0.2-SNAPSHOT");
+        verifier.executeGoal("versions:set");
+        verifier.verifyErrorFreeLog();
+
+        verifier.getCliOptions().clear();
+        verifier.setLogFileName("../log-4.txt");
+        verifier.executeGoal("install");
+        verifier.verifyErrorFreeLog();
+        verifier.verifyArtifactPresent("org.apache.maven.caching.test.simple", "simple", "0.0.2-SNAPSHOT", "jar");
+
+        verifier.setLogFileName("../log-5.txt");
+        verifier.executeGoal("install");
+        verifier.verifyErrorFreeLog();
+        verifier.verifyTextInLog("Found cached build, restoring " + PROJECT_NAME + " from cache");
+    }
 }
diff --git a/src/test/projects/core-extension/pom.xml b/src/test/projects/core-extension/pom.xml
index cd309b79..6aa09789 100644
--- a/src/test/projects/core-extension/pom.xml
+++ b/src/test/projects/core-extension/pom.xml
@@ -29,4 +29,20 @@
         <maven.compiler.target>1.8</maven.compiler.target>
     </properties>
 
+
+    <build>
+        <pluginManagement>
+            <plugins>
+                <plugin>
+                    <groupId>org.codehaus.mojo</groupId>
+                    <artifactId>versions-maven-plugin</artifactId>
+                    <version>2.16.0</version>
+                    <configuration>
+                        <generateBackupPoms>false</generateBackupPoms>
+                    </configuration>
+                </plugin>
+            </plugins>
+        </pluginManagement>
+    </build>
+
 </project>
\ No newline at end of file